TradeFXP Account Types

TradeFXP offers various types of forex trading accounts to cater to different trading styles and needs. The common account types include:

• ECN Account
• Min Deposit: $3,000
• Max Leverage: 1:100
• Spreads: From 0.3 pips
• Commission per Lot: $7
• Swap: Yes
• Min Trade Size: 0.01
• Max Trade Size: 100
• Margin Call: 100%
• Stop Out: 30%
• Premium Account
• Min Deposit: $1,000
• Max Leverage: 1:300
• Spreads: From 1.5 pips
• Commission per Lot: $0
• Swap: Yes
• Min Trade Size: 0.01
• Max Trade Size: 100
• Margin Call: 100%
• Stop Out: 30%
• Classic Account
• Min Deposit: $100
• Max Leverage: 1:300
• Spreads: From 2.1 pips
• Commission per Lot: $0
• Swap: Yes
• Min Trade Size: 0.01
• Max Trade Size: 100
• Margin Call: 100%
• Stop Out: 30%
• Islamic Account
• Min Deposit: $2,000
• Max Leverage: 1:300
• Spreads: From 2.4 pips
• Commission per Lot: $0
• Swap: Free
• Min Trade Size: 0.01
• Max Trade Size: 100
• Margin Call: 100%
• Stop Out: 30%

TradeFXP Broker Account Opening Process

The process to open a forex trading account with TradeFXP involves several straightforward steps:

• Choose a Forex Broker
• Ensure that TradeFXP is regulated and offers the desired account types.
• Account Registration
• Fill out an online application form with personal information, including name, address, and contact details.
• Account Verification
• Provide identification documents such as a passport or driver's license, along with proof of address (e.g., utility bill).
• Fund Your Account
• Deposit funds using available payment options like credit/debit cards or bank transfers.
• Download Trading Platform
• Download the trading platform (e.g., MetaTrader) to execute trades and monitor positions.
• Start Trading
• Familiarize yourself with the trading platform and develop a trading strategy before executing your first trade.